Riverside is officially one of Jacksonville’s most sought after neighborhoods to buy property sales, and not everyone who is buying is looking to live in the unique historic district.
According to housing experts, home prices in Riverside are expected to increase by as much as 8 percent over the course of 2014. This is a hefty increase, especially in relation to housing prices in other areas of Jacksonville.
What does this information matter to the average consumer? Whether you are an investor or not purchasing a home is an investment. When you purchase a home in a hot market like Riverside or Avondale, then you are in good position to make a positive investment off of your purchase. Buying a property sale in Riverside or Avondale right now could lead to a nice 5 figure profit within just 5 to 7 years.
And If you aren’t looking to live on Riverside while the market continues to improve, don’t sweat it. Rental property management in Riverside makes it easy to rent out your Jacksonville rental until you are ready to sell, giving you the chance to have someone else cover the cost of your mortgage while you wait for your investment to pay out.
If you are ready to learn more about using Riverside property sales and rental property management as an investment tool, contact us to find out how to get started.